Turning NPCs to Gold in Oblivion (Xbox 360)? Impossible—Spell Doesn't Exist; Skyrim Has Transmute for Ore

You cannot turn NPCs into gold in The Elder Scrolls IV: Oblivion on any platform. The "Turn to Gold" ability (via the Transmute spell or Philosopher's Stone) does not exist in Oblivion.

What You Might Be Thinking Of

• Skyrim: The Transmute Mineral Ore spell turns iron → silver → gold ore, not people.
• Oblivion Spells: The closest effects are Paralyze (immobilizes), Frenzy (makes them attack allies), or Command Humanoid (temporary control).
• Alchemy: You can create Gold as an ingredient (value 25) but cannot transmute living beings.

Fun Alternatives in Oblivion

• Use Conjuration to summon atronachs or undead.
• Enchant gear with Soul Trap to fill soul gems for profit.
• Complete the Thieves Guild or Dark Brotherhood questlines for gold rewards.